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Section 44ad for web development firm
web proffession can no be taken in 44AD.
A person engaged in a profession as prescribed under section 44AA(1) cannot adopt the presumptive taxation scheme of section 44AD
A person who is engaged in any profession as prescribed under section 44AA(1) cannot adopt the presumptive taxation scheme of section 44AD.
Thank you for your prompt response, Deepak. Our firm is also developing software for companies. I'm not sure how it can be considered a profession when you have multiple people working for you for other companies. Can you please clarify the definition of profession?
SUDHANSHU JI AS YOU ARE PROVIDING WEB SERVICES TO OTHER COMPNIES BASICALLY IT IS PROFESSION WORK AND PERSONS WHO ARE WORKING FOR IN YOU FIRM YOU CAN CLAIM EXPENSES FOR THAT.BUT IT WILL BE TREATED AS PROFESSION
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